Mr. X has mortgaged Land to Mr. Y, for Cash consideration.
Now Mr. Y, has used this land for Agricultural purpose.
- Does income arised from such activity, can be considered as an Agricultural Income for Mr. Y?
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Income from mortgaged land used for agriculture
Replies (1)
One will have to look at the mortgage deed whether Mr. Y has been expressly given the right to apply means to earn income from the land.
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